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Supreme Court Confirms Limited Scope Of The Fair Dealing Covenant

Posted In M&A

Lazard Technology Partners LLC v. Qinetiq North America Operations LLC, No. 464, 2014 (April 23, 2015)

This is another decision that confirms that the implied covenant that the parties will act in good faith and deal fairly with one another is not available to expand the parties’ contract rights. The covenant is a gap filler, not a replacement for what was agreed to in the contract.

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